Blog16th Dec 20242024 Business Unit Year In ReviewAs we close the chapter on another year, it’s the perfect moment to reflect on the progress, milestones, and opportunities that shaped our journey. Across our business units, 2024 has been a year of collaboration, growth, and delivering value where…By James Pirrie, Ian Bremner, Lauren McCluskey, Paula Fraser, Alasdair Green, Andrew Dines, David Purse, Alan Campbell, Neil Robb and Gordon SteeleView more
Blog9th Dec 2024Extension to IHT – the impact on long term UK resident non-domsWe recently covered the impact of the 2024 Autumn Statement on non-UK domiciled individuals, with a focus on the abolition of the concept of domicile and the introduction of the new Foreign Income and Gains regime along with transitional reliefs…By Gunhild DamView more
Blog6th Dec 2024“Tis the Season” – Christmas Festivities & Employee Gifts, an Employers’ Guide to the Tax & NIC ImplicationsNow that Christmas is upon us (“oh yes, it is!”) employers will be turning their attention to their own employees having planned the much-awaited Christmas party! In addition to this, employers may also give gifts or arrange Christmas parties for…By Gillian Forrest and Rachel LeslieView more
Blog5th Dec 2024Scottish Budget 2025/26 – What are the Key Tax TakeawaysCompared to Labour’s Autumn statement, the Scottish Budget had relatively few tax policy announcements, focusing instead on their plans to spend revenue in this financial year. The key Scottish devolved tax changes set out by the SNP were as follows:…By Lynn Gracie and Jill WalkerView more
Blog5th Dec 2024The 31 January 2025 Filing Deadline – Self AssessmentAs the festive season approaches many of those in self-assessment will soon be winding down for the holidays content that their 2023/24 tax returns are submitted. On the other hand, some people may be pushing the 31 January 2025 filing…By Carol Edwards and Annabel JaggerView more
Blog27th Nov 2024Capital Gains Tax- What’s In The Small Print?The recent budget introduced some highly anticipated changes to Capital Gains Tax (CGT). The expected alignment of Capital Gains Tax rates with Income Tax rates didn’t materialise and instead, the government opted for more modest increases in the rates. These…By Jill WalkerView more
Blog27th Nov 2024VAT Management: A Guide For The Industrial SectorThe industrial sector faces a myriad of VAT challenges and opportunities. This may be due to its involvement in cross-border activity or the fact that there are multiple parties involved in a single complex supply chain. In addition, the fierce…By Gabrielle ScotfordView more
Blog20th Nov 2024Navigating Business Sustainability: A RecapRemember, remember the 5th of November…we will, and here’s why. We held our latest Aberdeen Business Breakfast Series event, welcoming over 70 clients and friends of the firm to our Aberdeen office for a panel session all about sustainability with…By Gregor AngusView more
Blog11th Nov 2024Will You Make A Lump Sum Tax Payment On the 31st Of January?If you file your Self-Assessment tax return with HMRC by 30 December, you may be able to have any tax you owe for 2023/24 collected via a restriction in your tax code for the tax year commencing on 6 April…By Blair HayView more
Blog6th Nov 2024Residence regime replaces Domicile: Who will be the Winners and Losers?Some would say that Rachel Reeves simply copied the Conservative Spring budget, which included their surprise proposal to abolish Tax Domicile, whilst others would say the Conservatives copied Labour’s plans. Either way, the Autumn Statement delivered by Ms Reeves, finally…By Lynn GracieView more
Blog24th Oct 2024What Are The Tax Implications Of Being Non UK ResidentIf you’re a Non UK Resident, understanding how your residency status impacts your tax obligations is crucial. Being a non-UK resident can have significant effects on your financial responsibilities, from Income Tax “IT” to Capital Gains Tax “CGT”. Navigating these…By Lynn Gracie and Carol EdwardsView more
Blog24th Oct 2024Do You Know How To Decipher Your Tax Code?The importance of knowing your tax code cannot be denied. Tax codes are a crucial yet often misunderstood aspect of the financial world, leaving many people puzzled by their true meaning. We have previously unravelled the secrets of tax codes,…By Paddy HartyView more